Costs of ownership

The sport of kings... but is racehorse ownership accessible to everyone? Our last Ownership Costs survey (in 2015) revealed the annual costs of keeping a horse in training was £22,595 for a horse running on the flat and for a jumps horse the average was £16,325. The ROA VAT Solution can help owners reclaim VAT on these costs.

Sharing a horse with friends in a syndicate or partnership obviously reduce the costs considerably. 

But how are these costs made up? Are there any hidden costs that owners - potential and current - should look out for?

BHA Registration Fees

Registering as an owner, partnership, or syndicate will incur annual fees payable to the BHA. These are outlined in the next section, but do keep in mind that ROA members receive a 20% discount on many BHA re-registration fees. 

  • If you are a sole owner, the discount will be applied to all relevant re-registration fees as listed below.
  • If you are involved in a Club or a Syndicate, then the majority of the club/syndicate managers will need to be members of the ROA in order for the discounts to be applied.
  • If you are involved in a partnership then the discount is applied according to how the charges to the partnership are managed.

A new owner fee structure was introduced on 1 October 2025, designed around four simple charging categories:

1. JOINING

A simple joining fee will be charged once, upfront, to any new owner. To reduce barriers to entry, all new owner joining fees will be significantly reduced compared with the current registration charges, with individual owners charged no fee at all.

Ownership Type

New Joining Fees 2025

Sole

£0

Company

£325

Partnership

£225

Syndicate

£325

Club

£325

All fees are ex VAT

ROA discounts will continue to apply to all fees as is the case now except the joining fees.

2. ANNUAL 

An annual membership charge will be introduced to replace the majority of recurring fees, including Authority to Act, VAT Administration and Sponsorship. For owners who have not had a runner in the previous year their annual membership renewal will be free of charge. 

All Owners will have their registration renewed annually. This will be on the anniversary of their initial registration (should you have registered after October 2025) or their fee alignment date (which can be found by looking on the Racing Admin system).

The annual subscription fee charged to owners will depend on whether they are active or dormant. This status is based on whether they have had a runner in the previous 12 months.

A 20% discount for ROA members will continue to be applied to owners’ annual fees.

The annual subscription fees are below:

Ownership Type

Annual fee

 

Active

£135

  • Combines annual Authority to Act, VAT, sponsorship and lease fees
  • Any owner has had a runner in the previous 12 months
  • ROA 20% discount applies

Dormant

£0

  • Any owner who has not had a runner in the previous 12 months

Owners should be aware that, in the case of a Partnership, Syndicate or Racing Club, the entity will be charged the subscription fee. As registered Owners, any Partners, Syndicators and Racing Club Managers will also have their registration as an Owner renewed annually. However, if they have not had a runner in their own name, they will be considered a dormant owner.

3. ADDITIONAL

A small number of fees will remain outside the annual subscription to allow flexibility for Owners. These will include registrations such as Colours and Names. A 20% discount for ROA members will continue to be applied to owners’ additional fees.

4. RACE

As is currently the case, for each entry made in an owner’s name, a small entry handling fee will be charged. Owners are charged a handling fee whenever they make an entry. This is in addition to any entry fee that may be charged by the racecourse. The entry handling fee is £28.08. Should a horse be eliminated, the entry handling fee is refunded to the Owner.

Full list of fees from 1 October 2025

* ROA Members get 20% discount on these fees

* Annual Owner Subscription Fee (where the Owner has had a runner in the past 12 months)

Includes registration of Owner authority to act, appointment of company agent, authorisation of VAT declaration, VAT administration, Owner sponsorship and registration of Lease. 

 

£135.00

Annual Owner Subscription Fee (where the Owner has not had a runner in the previous 12 months)

 

Includes registration of Owner authority to act, appointment of company agent, authorisation of VAT declaration, VAT administration, Owner sponsorship and registration of Lease.

£0.00

Registration of Sole Owner 

£0.00

* Registration of Recognised Company 

£325.00

* Registration of Syndicate 

£325.00

* Change of Syndicate name 

£42.17

* Initial registration of Partnership 

£225.00

* Change of Partnership name 

£42.17

* Registration of Racing Club  

£325.00

* Change of Racing Club name  

£42.17

* Add Partner 

£118.50

* Registration of transfer of engagements 

£34.75

* Registration of colours (where the registrant has had a horse in training in the last 18 months) - single year 

£70.42

* Registration of colours (where the registrant has had a horse in training in the last 18 months) - 5 year 

£343.08

* Registration of colours (where the registrant has had a horse in training in the last 18 months) - 10 year 

£668.58

* Registration of colours (where the registrant has had a horse in training in the last 18 months) - 20 year 

£1,267.00

* Registration of colours (where the registrant has not had a horse in training in the last 18 months) - Single year 

£87.50

* Registration of colours (where the registrant has not had a horse in training in the last 18 months) - 5 year 

£425.50

* Registration of colours (where the registrant has not had a horse in training in the last 18 months) - 10 year 

829.25

* Registration of colours (where the registrant has not had a horse in training in the last 18 months) - 20 year 

£1,571.25

* Transferring or selling colours to non-family member          

£174.67

* Year's reservation and yearly re-reservation of a horse name 

£148.83

* Temporary reservation of a horse name 

£49.42

* Change of a name 

£110.08

Training Costs

There are a number of expenses when putting a horse in training – some you might expect – and some you might not!

  • Training Fees
  • Pre / out of training fees
  • Farrier
  • Vet, Physio, Dentist
  • Gallops Fees
  • Clipping
  • Supplements / wormer

Some trainers will include a number of the above costs in their basic rate. You should check this in advance, and ensure these basic costs are covered in your Training Agreement. A template copy of this can be found here.

Gallops Fees

If the trainer has their own gallops then this fee may be included in the daily rate. If the trainer uses shared facilities then you are likely to pay a gallops fee on top of your daily training fee. This is normally charged straight to your racing bank account, once your horse goes into full training. Prices can be split per month, or in the case of special gallops per horse, per month.

  • Newmarket: Newmarket has a number of gallops, of which there is one fee to use the general gallops, and additional fees payable if your trainer works your horse at one of the “special” gallops: the Watered Gallop, Limekilns Golden Mile and the Round Gallop. Please ask your trainer for a up-to-date list of gallops fees.
  • Malton: Similarly, Malton has two gallops – Langton Wold and Highfield, which are charged separately. Please ask your trainer for a up-to-date list of gallops fees.
  • Epsom, Lambourn and Middleham: There is just one flat fee for the gallops at these training centres. Please ask your trainer for a up-to-date list of gallops fees.

Other fees from trainers to watch out for:

  • Jockey Schooling Fees and Retainers

Sometimes a professional jockey will be asked to ride your horse in a preparatory piece of work, or perhaps over obstacles, at home to give their opinion on your horses’ fitness and/or a guide on the sort of conditions that might favour your horse. Jockeys often school horses free of charge, in the hope that they may get the ride on the track, though if the jockey is high in demand there may be a charge for their services.

If the services of a particular jockey are retained by your trainer or yard, then he or she may be paid a regular fee. You should check whether your trainer retains any jockeys, and whether you will be required to pay a percentage of the retainer. Again, this fee should be detailed in your Training Agreement.

  • Trainer’s commission

Trainer’s commission: trainers may charge a commission when assisting with the purchase of a horse (or may split commission with another agent) or, more commonly, may charge commission on the sale of any horse trained by them. The normal commission rate is 5%. Any commission should be set out in the training agreement and for the avoidance of of doubt, initialled by both parties.

  • Additional facilities on or off-site e.g. ad-hoc use of a spa or swimming pool may incur extra charges.
  • Behavioural specialists may be drafted in to assist with specific problems: commonly stalls training for Flat horses, or to help with particularly keen or ‘quirky’ horses. These services can sometimes amount to several hundreds of pounds a time, and the owner will often be billed direct, therefore it is important to understand whether your trainer regularly uses these types of services.

To avoid being liable for unexpected bills, you should ensure your trainer details all ‘extra’ fees within your training agreement, and that any additional liabilities must only be incurred after due consultation with the owner(s) of the horse.

Racing Bank Accounts

Racing Accounts

Every registered racehorse owner is required to have a racing account under the Rules of Racing. This racing account enables the BHA to pay prize-money securely and allows for the automatic payment of entry fees, jockey fees and registration fees. There are two types of account available:

BHA Account: Owners with a BHA account won’t incur any account charges. The BHA account is an invoicing account which settles by Direct Debit or Direct Credit on the 15th day of the month for the previous month’s accrued racing transactions.  The table below refers to withdrawals and provides further details relating to the settlement of prize-money.

Weatherbys Racing Bank Account: Owners with a WRB account have the flexibility of a normal bank account, however will incur charges for monthly account management fees and racing transaction fees may apply.  All partnerships and syndicates will need to operate a Multi Owners Account. Owners with this type of account should be aware that their charges are due to increase from the 1 April.

The following table sets out a comparison of the two accounts currently available to registered owners.

 

 

BHA ACCOUNT

WEATHERBYS

FEATURES

This is a simple monthly invoice arrangement.

It is restricted solely to your racing transactions (entry fees, jockey fees, prize money, gallop fees and ROA membership).

It does not extend to your payment of training fees.

A Weatherbys Bank account combines racing transactions (entry fees, jockey fees, prize money, ROA membership etc) with the flexibility and features of a normal bank account.

PAYMENTS

You will receive an invoice at the beginning of each month. The balance will be requested by Direct Debit on the 15th day of that month. 

If sufficient funds are not available at the time of the monthly Direct Debit an overdue account fee will be charged. If the account is not settled on a subsequent Direct Debit request, further charges will be incurred and all ownership activities related to the account suspended, with the result that any horse you have an interest in will not be allowed to run.

You will receive a bank statement at the beginning of each month or you can access your statements online at any time. If your account is overdrawn this can be settled via cheque, bank transfer or card payment. You can also view your accounts via the Weatherbys Mobile Banking App.

If you have received prize money you will be able to access it as soon as it has cleared on your account, typically 15 days after the race date. You can use funds on your account to automatically pay your training fees, gallop fees, and any other racing or bloodstock bills.

WITHDRAWALS

The British Horseracing Authority arrangement does not allow requested withdrawal of funds nor the retention of credit funds.

Instead, if you are in credit at the end of the month, the full credit balance will be sent to your nominated account by Direct Credit at the beginning of the following month.

You can access your funds in a variety of ways including auto payments, online banking and telephone banking. Further information is contained in the Weatherbys Bank leaflet 'Account Terms and Conditions' available at www.weatherbysbank.com

INTEREST

No interest is payable on funds.

Weatherbys Bank may pay interest on credit balances at the prevailing rates. The current rates table can be viewed on www.weatherbysbank.com or is available from Weatherbys Bank on request.

TRANSACTION CHARGES

None

 

Overdue account charges: £50.16 (inc. VAT) for the second letter.

Racing Account

A simple bank account for UK resident sole or joint owners looking to separate their racing finances from their day-to-day banking.

Multi Owner Account

This account is available to syndicates, clubs and partnerships.

Racing Gold Account

The flagship account available to sole or joint owners, bloodstock professionals and companies, and also owners who reside outside of the UK.

Banking charges will apply, for further details dependent on the type of account required please visit the Racing Gold Account page on the Weatherbys Bank website.

OTHER SERVICES

 

More information on the range of banking services offered by Weatherbys Bank can be found by calling 01933 304777, by emailing 
[email protected] or on the internet via www.weatherbysbank.com

Racing Costs

So you’ve registered your ownership, found a trainer and have had a horse in training for several weeks. How much will it cost for your horse to actually race?

Entries

Race Entry Fees can be anything from £20 to £000’s for races of particularly high value. Owners can browse races and view the entry fees via the Racing Admin website, for which there is no charge.

  • Entry Processing Fees: an additional charge is payable to the BHA for every entry processed.
  • Equine Infectious Diseases Services: for every entry made, an additional £1.20 payment will be due to the Horserace Betting Levy Board for the benefit of the Equine Infectious Diseases Services of the Animal Health Trust.
  • Welfare of former racehorses: £1.25 is payable for every entry, for the benefit of former racehorses.
  • Foreign races: If your horse is entered to run in a race overseas, there will be an additional administrative charge payable to the BHA.

Jockey Fees

There are different fees for Flat and Jump Jockeys, As from 1 February 2023 these fees are:

  • Flat:  £162.79 (plus PRIS £17.90 + CEI £4.50)
  • Jump: £221.28 (plus PRIS £24.34 + CEI £4.50)

If the jockey is registered for VAT then this will be charged at the applicable rate.

Owners also contribute £3.91 per ride to the Career Ending Insurance Scheme (CEI) for Jockeys to ensure that jockeys whose careers are ended prematurely by injury are protected.

If your horse has been declared a non-runner after 9am on the day of the race, you will need to pay the jockey 50% of the full riding fee.

In addition to the above fees, owners must also pay an additional sum equivalent to 13% of the riding fee to the Trustees of the Professional Riders Insurance Scheme (PRIS).

Non Runners

Any Professional Jockey who has been declared to ride a horse by the deadline for the Declaration of Jockeys, but whose horse is subsequently made a non-runner will receive a fee of £81.40 (Flat) and £110.64 (Jump).

No fee is payable where the Race Meeting or Race is abandoned or made void.

No additional payments or deductions are applicable to either fee.

The fee will not be due to any Jockey who is declared after the deadline for the Declaration of Jockeys.

No fee is payable to a Jockey who has been declared to ride a horse that is a non-runner in a Race that has been nominated as the Second Preference Race. 

Other racing costs to watch out for:

  • Transport: sometimes horses will be transported together or ‘share’ transport to the races. In these cases all owners should be charged equally for their share of the transportation cost.
  • Racing Expenses: these are normally for the stable staf and the trainer. As with transport, these expenses should be shared equally between all owners with runners on the card.
  • Routine veterinary treatment or farriery on course: such as a post-race scope, replacing lost shoes etc. Some racecourses offer free veterinary treatment on course, whereas others may send an invoice post-race.

HAVE A QUESTION?

Please contact the ROA office on 01183 385 680 or email i[email protected] and we will be happy to assist.